for details go to our website. >> tomorrow, elizabeth hurley. my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. money. my job is not just to entertain but to educate andeach you. so call me at 1-800-743-cnbc or tweet me @jimcramer. this is not a show about politics. but if you want to understand what's happening in this market, you need to get your head around the market's relationship with the upcoming trump administration. whatever your own political beliefs, there's no question that washington is about to get a lot more pro-business.

and that's what's driving the stocks of so many big industrial companies higher even as others sell off in a bizarre confluence of good and bad news that's mirrored in today's action with the dow struggling to stay positive, up just two points. s&p dipping 0.26% and the nasdaq getting crushed, down 1.05%. in the last 24 hours, president-elect trump has announced a bunch of pro-business cabinet picks while to spare jobs that would otherwise be lost to mexico. the result is that the market's anointing a whole new group of stocks, rotating into them while slaughtering others. so i want to explain why that's happening and how you can profit from it. so let's trace the narrative. first the picks trump announced today, steve mnuchin as treasury secretary, wilbur ross as commerce secretary, sent a huge message. people who are pro-business and

that's who this administration is going to be listening to. pro-growth, pro-jobs. now, close viewers of this network know that wilbur ross is a pragmatic, crafty business person who knows how to invest well and place bets most importantly on industries that could thrive even as others have given up on them. i'm thinking about things like steel, like coal, like textiles. trump wants to revive those kinds of industries and bring back and create jobs in them. now, maybe he can. maybe he can't. but if there's even a possibility, then ross will figure it out. i know ross. he's smart. he's clever. he's pragmatic to a fault. i love that in business people. i'm not saying that wilbur ross is the reincarnation of engine charlie wilson, the head of general motors, who famously when he was nominated for secretary of defense by president eisenhower in 1953 said, what was good for the country was good for g.m. and vice versa.

what we care about on the show. how about steve mnuchin for treasury? i've met him in passing. can't say i know him although i worked for his dad, bob mnuchin, whom we affectionately called "coach" when he ruled that trading desk at goldman sachs. coach retired at the top of his game, did some great things in the art world. i learned a ton from him. i have to believe steve learned a heck of a lot more than any of us from coach, which would make him as savvy about the markets as they come. he spent almost two decades at goldman and then invested correctly in the savings and loan market at the absolute bottom. and a fantastic investor. good for stocks. i stress these credentials because these are the kind of people whom president obama would never appoint to cabinet positions. to him, they're probably wall street fat cats. he may not even know who they are. but to the stock market, they're members of the traditional business establishment who want to make the economy grow and want to see profits grow. with these picks, trump is sending a huge signal.

faster, to take back jobs, including manufacturing jobs, and have the government promote business and the causes of business. good for the stock market. that's their mission. it was not president obama's mission. it's okay. again, it's not political commentary. obviously what's good for business is not always good for the rest of america. but obama seems to believe business can fend for itself. trump wants to embrace business. good news for stocks. when mnuchin and ross came on air this morning, s over by what they had to say. they talked about cutting corporate taxes, creating jobs, giving the middle class tax breaks but not the rich. that's going to spur growth. i can't emphasize enough these two picks are about growing the pie so everyone does better. you may think that's impossible. you think it's too cynical. listen, if you even for a moment believe that it could happen, then i need to know i think ross and mnuchin are savvy enough to get it done. they're get-it-done guys. they're practical. and by the way, let's make it

level-headed, high-roaders. finally, there's trump's gambit to save 1,000 jobs from going to mexico by negotiating with the head of united technologies, greg hayes, to keep carrier plants open in indiana that the company planned to close in order to save money. trump called hayes, basically said it would be a real good idea for the company to keep those jobs in indiana, and if hayes complied, then he would do a lot to help united technologies and all other businesses by repatriating overseas dollars, using lower ta that united tech has in other countries. trump pretty much got what he wanted, and about half the jobs will stay here. there were small incentives for united technologies, but the gist of it is that utx simply won't make as much money now. but it's also less at risk of losing the $6 billion in federal contract business it has. is this good for stocks? no. will it be a warning to other businesses that they should think twice before they move their operations offshore? yes.

workers, not shareholders. but trump figures he's given enough to shareholders that he can lean on business to save jobs. look, he could have just slapped tariffs on stuff. instead he negotiated with hayes, admittedly with the upper hand. kind of the way trump does it. but he played the hand for workers, not shareholders. expand the pie. okay. if we have a pro-growth president who is making pro-growth cabinet picks, why didn't stock prices soar? a couple of reasons. first, opec made a deal that raised the price of oil dramatically. the stock market likes it when the increase in demand. they don't like it if it's cuts in supply. so oil users lost even as the oil companies gained, especially in the domestic producers with holdings in the permian basin in texas, which is extremely profitable with crude right here at 49, up an astounding 10% in one day. in addition to short sellers buying back their oil shorts, investors clamored for anything oil and clearly had to make sales away from oil to raise all that money to buy those oils. i'd wait for the oil stocks to cool off, people.

i've seen people chase them like they did when iraq invaded kuwait. ends in three days. you'll get hurt. second, a pro-growth agenda is great for the stocks of companies that need a strong economy to do well. that's the basic industrials. that's the transports. that's the banks, which will continue to rally if mnuchin gets his way. i continue to like the bank stocks. i think they have more upside. however, a pro-growth agenda doesn't mean much at all for companies that already have a lot of growth, namely the tech stocor their growth accelerate despite what mnuchin or ross or trump will do, the stocks known as the defensives, which you buy when growth is slowing. so what doesn't do well? health care, drugs, foods, you name it. their stocks aren't going to rally on statements about revitalizing american manufacturing. i think there will be bargains in the group, in all these groups, because they're getting crushed too hard.

as is almost always the case in this market, which exaggerates every single move, and that's where you get to make some money. all right. let's put in language today that you'll really understand. today the oil fang is biting the heck out of the tech fang. that's right. remember, i told you about diamondback energy, one of the fastest growing oil companies because it's got big permian exposure? that stock jumped more than $12 or 13% while facebook, amazon, netflix, and google, fang, now alphabet, were laid to was dichotomy. again, these moves are way over the top. energy is too strong although the direction is right. tech is too weak although i can see why it would sell off. the soft goods, case by case. and the banks? with mnuchin and ross in there, i think the windfall for the banks continues. more on that later in the show. put it all together, and we could have a down day because the industries that directly benefit from the trump growth agenda really don't make up as much as they used to of the s&p 500 or the nasdaq or even

don't need a strong economy to thrive kind of really -- well, there's just a lot more of them than we thought. but give it a couple of days to sort out, and i think you'll find that the news is better for all companies. there just isn't enough money coming in on a given day to make everything rally at once. the bottom line? this is another rotation in a long line of rotations that will run its course before another one begins anew. not business as usual, though. but pro-business for certain. hayes. >> caller: jim, how are you? >> i'm doing good. how about you? >> caller: good. jesse livermore booyahs from dallas, texas. >> the great plunger. what are you thinking? >> caller: i am thinking on this dust-up we saw in the media yesterday on the sec and tesla, specifically the sec was concerned with the use and presentation of non-gap measures in tesla's august earnings and stated -- and i quote -- individually tailored

later the sec went back to tesla and stated -- and i quote -- based on your request, it is not clear whether you intend to revive your disclosure as requested. given that tesla has just taken on onerous debt from the solar city merger, they have recurring cash flow issues, they are nonprofitable, and now we have a situation that smacks of accounting irregularities, is this an automatic sell? >> all right. here's the problem. people love the car. they love the car, they buy the stock. you can't break that linkage. that stock does not trade on the fundamentals. if it did, everything you said is true, and it would be much lower. it trades on an ethos. it's a cult stock. i don't recommend or bet against cult stocks. colin in wyoming, colin. >> caller: hi, jim. booyah from 5,000 feet up in wyoming's rocky mountains.

>> caller: having a lovely autumn fall. lovely weather. my question is about making a quick trade around december's fed meeting. for a quick trade only, should i buy a bank stock such as bank of america or maybe something else? >> well, bank of america has had a major move. i'm not going to be against owning bank of america, but today it was up the most. i think you can get that bank stock. buy some now and then hope it pulls back a little. behind the market that i think we'll look at it and say, oh, 21, 19, it didn't matter. it was about to have a major run, and i think that's true. it's anything but business as usual today. it's pro-business. the trump cabinet selections are sending a signal to wall street that he wants the economy to grow much faster than we think is possible. i think that could continue to fuel a rally, but it will be a rotational rally, one at a time. on "mad" tonight, from calvin to tommy to vanheusen, this

around the globe. but can pvh remain the star of the runway as we enter the holiday season? i've got the exclusive with the ceo. then opec reached a deal to cut oil production today, and crude jumped 10% on the news. i'll tell you what the decision means for oil companies you're invested in here and at home. by the way, speaking of oil, i'm going to sit down with the ceo of marathon petroleum and see how the news could impact his stock. stick with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer oner have a question? tweet cramer, #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. "why are you checking your credit score?"

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what are we supposed to make of the latest quarter from pvh, the apparel titan behind calvin klein and tommy hilfiger? here's a company that seemed to be making a really strong comeback. the stock is up 40% for the year in the wake of several strong quarters. but as we enter the holiday season, some of the old negative themes have come back creeping into the picture. strong dollar, weakness for many mall-based retailers maybe, which brings me to tonight. after the close, pvh reported a substantially better than expected quarter, but they gave guidance that i found a little

the company delivered a 20-cent earnings beat off a $2.40 basis, slightly higher than expected revenue up 3.7% year-over-year. the beat was fueled by the strength of their calvin klein brand, particularly in europe and china. however, pvh's sales and earnings forecast for the next quarter came in below what the analysts were looking for. wall street cares about the future as much as the past, so we've got to figure out what is going on. is pvh really being conservative after a very good quarter? maybe we should be worried. let's check in with manny chirico, chairman and ceo of pvh, to learn more about the quarter and where his company is headed. mr. chirico, welcome back to "mad money." manny, i don't know. this was one of the biggest beats in all of the years you've been coming on. and yet i detect from the guidance that you almost want to say to people, don't get ahead of yourselves. but first let's talk. this was an amazing quarter, wasn't it? >> yeah, we had a very strong quarter, particularly internationally. >> right. >> both in europe and in asia, our international comps for calvin klein were up double digits, as well for tommy hilfiger. so feel really strongly about the business.

in europe in calvin is up over 20%, and the tommy hilfiger business is up 8%. big business. >> to me, this was the quarter where the warnaco acquisition -- you got a little sidetracked because warnaco wasn't as strong as you kind of hoped when you got it. but this was the quarter that showed that this may be the real driver for pvh. >> i think that's right, but i would say the whole year has been a real driver. through the whole nine months, we've been substantially beating our guidance and i guess through the middle of last year. so business has been surprisingly strong, particularly internationally, and i think we're being cautiously conservative about how the holiday season is coming together. but, you know, based on black friday, we feel pretty good about business. >> that's what i want to go into. we're in a fluid situation in this country. i detect from the merchants and ceos that i speak to that literally there has been post-election, whether it's

happening, that there is a bit more spend, a bit more go-out. is this just anecdotal on my part, or are you seeing in the statistics you have? >> no. we're seeing it in our business directly. let's talk about november. the month of november, the week before the election, the week after, business was just -- it was tough in north america. all of a sudden, the last two weeks, as we started to go into black friday and right after, we've seen in our retail business a significant improvement in trends. big holiday season in front of us. as we always are, we're being conservative as we're projecting the year and the balance of this quarter. so we'll see how it is. trends right now, the last two weeks are running ahead of plan and margins are running significantly ahead of plan. >> if that's the case, i'm sensing that a macy's, a jcpenney, a kohl's are not having to discount. they're able to actually have a good holiday season so far. >> i don't want to talk about

i'll say my business in those channels of distribution is very strong. terry lundgren was on, so i'm just quoting him. he was on cnbc on black friday. he said tommy hilfiger was on fire. so we feel really good about how that business is proceeding. >> but that is a nice change because that is one of the areas i wanted to ask you about. the north american tommy hilfiger, you weren't that happy with. >> look, our wholesale businesses in departments is very strong. our retail businesses for the first nine months of the year has been tough. we've talked about the international tourists. we've talked about the dollar causing some issues there, and that trend continued in the third quarter despite the big beat we had. we started to see, as we got into the second half of november and into -- and as we're going to go now into early december, there seems to be some momentum. i think we're also starting to lap some of the dollar strengthening that happened this time last year where we were up against a much stronger -- weaker dollar prior to that. so, again, we're feeling good

this is the time to go running in. >> no. >> there's a lot of noise out there, be it the election, what the ramifications of that is. i know wall street seems to be celebrating the election, which is great. but mr. trump's got to take over. there's a lot of questions about exactly what it means for trade and what it means for the dollar going forward. all those things just cause us to be cautious in our projections. >> you don't have to worry about trump ties coming back. >> there you go. europe and asia had been points of, at times, pain, particularly europe. are you surprised that europe is as strong as it is given what we read about over there? >> i think two things. i think europeans are staying in the european market given where the currencies are. so i mean the uk, i know brexit, everybody is nervous about what it means going forward. but right now business couldn't be better in the uk.

weakening of that currency. the euro is buying more in that market, so more europeans and more americans are in that market. there's more shopping going on in that market, and we are big beneficiaries. >> and china is a win, isn't it? >> yeah. well, two things for us. our calvin business, which we've been running now for the last four years directly, and now just taking over the tommy business in the second quarter of this year, that business has really been posting strong growth, continues to be our fastest growing market, highest company. so that's going to be an area of strength as we go forward. >> online, amazon? >> continues to be a small piece of business as a percentage of the total. fastest growing and starting to become nicely profitable. >> how about that surprise van heusen? >> say that again. >> van heusen. >> our van heusen brand, in that mid-tier channel with kohl's in particular and jcpenney has been very, very strong.

innovation for the dress shirt, and it's just -- you know, it's the number one seller in that channel. >> there's a lot of consolidation, talk about more apparel coming together. there are too many players. any thoughts on it? >> look, acquisitions are a big part of our growth. you talk about calvin, tommy, warnaco, and i think in the future, it will be. i think in the next 6 to 12 months, i think our focus will be on if there is acquisitions, it will tend to be more in the reacquiring some of the license businesses with calvin and tommy. and then, look, given the fact that we've paid off about a billion and a half dollars in debt -- >> cash flow machine. >> it is a cash flow machine, and i think we will be looking for acquisitions. >> excellent. let's leave it at that. manny chirico, chairman and ceo of pvh corp. monster beat quarter. i think conservative on the guidance. "mad money" is back after the break. >> announcer: coming up, an opec production agreement is a done deal. so what does that mean for

cramer sits down with the ceo of they're monday petroleum. >> what does it mean for a refiner to have a president that really very specifically is pro-oil and gas? >> announcer: one of the nation's largest movers of fuel when "mad money" returns. whoa, this is awful, try it. oh no, that looks gross what is that? you gotta try it, it's terrible. i don't wanna try it if it's terrible. it's like mango chutney and burnt hair. just try it! guys, i think we should hurry up. if you taste something bad, you want someone else to try it. it's what you do. i can't get the taste out of my mouth! if you want to save fifteen percent or more on car insurance, you switch to geico. it's what you do. shhh! dog, dog, dog. ve been on i'm bushed! my feel alyea me too. excuse me...coming through! ride the gel wave of comfort with dr. scholls massaging gel insoles. they're proven to give you comfort.

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short squeeze of a lifetime? i have to admit that this production cut deal was about as unexpected as you could get. think about the arc of it. last week opec ministers leaked there was no deal. nobody would agree to cutbacks and the best we might hope for was a freeze at really high levels. that caused oil to take its usual dive to the low 40s along with lots of chatter that if there was no deal, then $30 beckoned. of course that made the usual

traders go heavily short, betting that any deal would be no deal and oil would fall because there is, as we all know, a real glut of oil out there. even as early as this week, we heard there were implacable forces at work. the iranians couldn't agree with saudis. the wouldn't agree with iraqis, who wouldn't agree with the indonesians, who actually may have suspended their opec membership entirely because of the agreement. but this morning we learned that the saudis are willing to cut almost 500,000 barrels of production a day, and that alone with a couple of hundred thousand barrels cut from other everyone to the table. now, just so we understand, there really isn't anything in this deal that seems to curtail all the drilling that iran and iraq are doing right now or might do. that might mean that the 1.2 million barrel production cut could be chimerical. but that's not the real issue here. the real issue is that the saudis control opec. why? because they have the unique ability to actually freely raise or lower their output. they're that rich, and they have that much oil unlike everybody else in the cartel. going into the meeting, the saudis producing as often as

they're simply going back to where they were last year, maybe a little more. however, you can do the math. if the saudis can boost the price of oil by more than 8% today simply by making a 5% cut in production like the agreement has them do, they'll do fine. selling slightly more than 10 million barrels a day at nearly 50 is pretty much a push versus selling 11 million barrels at 45. and it is much better, more importantly, than selling 11 million at 40, where oil might have been headed without this agreement. in fact, it's pretty much a no-brainer because if thhe pump more than they are, then the algebra works. oil stays higher for now. but there's another aspect opec can't count on. that's the u.s. the saudis have created an umbrella under which the u.s. producers with oil that's profitable under 50 bucks can really turn on their spigots, take up the slack. not necessarily to the point of driving crude back down, especially if there's a pick-up in the global economy. but certainly to the point where production estimates, what the analysts follow, are too low for our american independents.

producers with good exposure to the permian basin, which can make money at half this price, or the oklahoma area known as scoop, which is in some parts equally profitable. hence how you can see such exaggerated gains in an eog or pioneer or cimarex. they've made huge investments when things were low and acquisitions of the best parts of texas while oil was way down. now they're prepared to reap the harvest of this saudi umbrella. i still like those stocks, but i would now wait for a better entry point. they ran too much in one day. why were they shorting oil so heavily? here's my bottom line. i think there was enough chatter about opec failing to reach a deal coming from all directions that the risk/reward on the short side seemed like a much better bet. it turns out it wasn't. yet the smart money got played, and they got it wrong. the true believers? they got it right. gary in michigan, gary. >> caller: dr. jim. >> yeah. >> caller: i just bought a little bit of sxl, a midstream

i figure with commitment to energy development, that natural gas pipeline should be a relatively conservative play with a good yield. the problem is, jimmy, these are hard to figure out. these companies are owned by generational billionaire oil guys. they all know each other, and they've all got bits and pieces of everybody's company. it's like a big spider web. i want to know what do you think of sxl? >> what you describe is why i don't trust that one. i just don't. arms around the ownership, and it seems like every other day there's deals involving them. i wish you had done magellan midstream. much smaller yield, but much more conservative. roland in new york, roland. >> caller: hey, big new york booyahs, jim. >> thank you. >> caller: given the president-elect's policies on coal, natural resources and trade, what's your opinion on csx corporation? >> i think all the rails do

trump than they did under obama. remember, coal is really a factor right now about how high natural gas goes in price. we're exporting a lot of natural gas. natural gas goes up, then coal becomes more interesting. in general, there's going to be export, a little more growth activity. csx is a winner. i like all the rails. i like union pacific, and i like norfolk southern, and i've been out front in norfolk southern when we had jim squires on recently. alex in california, alex. >> caller: hi, jim. booyah from the great state of california. >> fantastic. >> caller: my name is alex. i've been a longtime listener and appreciate all the advice you give. >> thank you. >> caller: i'm calling about anadarko petroleum. considering the sudden rise in oil and the rally anadarko has had, the trend channel going back to 2008 shows some long-term resistance. would you consider this a buy? >> first, alex, thank you for the fine comments. what i like to say is i like anadarko, okay? it's up nine. i don't recommend people buy stocks up nine. i just say we missed it.

not my style. i've been hurt too much buying stocks up nine, not made enough money buying stocks up nine. the smart money looked pretty stupid today after today's opec production cut. that's what lit a fire underneath many of the independent american producers with prime acreage. there's much more "mad money" ahead. elliott management is urging marathon pete to break out some of its value. is the company listening? i've got the exclusive with the ceo. then today saw two huge president-elect picks, and they made waves across the market. what you need to know is just ahead. plus a fast-fire edition of the lightning round.

we know the news that this opec production cut is terrific for oil producers. what about the refiners? typically a spike in the price of crude hurts the refiners, at least short-term because refining is a margins game. it's all about the difference between the price of oil and the price of gasoline. but there was one company in this group that actually saw its stock rally today, and that is marathon petroleum, the third largest refiner in america.

it's the nation's second largest convenience store chain. 2,770 locations across 22 states. it's been an eventful time for marathon pete. at the end of october, they reported some weaker than expected numbers, but management announced they were dropping down some of their pipeline assets to mplx -- that's the company's master limited partnership subsidiary -- and even contemplating the sale of mplx altogether. then last week we learned that elliott management had taken a 4% stake in marathon petroleum. they proposed several more steps to unlock value, which they say could send the stock up 60% to 80%. in response, the stock spiked nearly 9% that same day, 43 up to 47. i think it's this activist involvement and the possibility the company could potentially take a number of steps to unlock value, something they've always been amenable to, that allowed the stock to hang in there today while the other big refiners were hit on the chin. let's take a closer look with gary heminger, the chairman, president and ceo of marathan pete, to get a better sense of what's happening and where his company is headed. mr. heminger, welcome back to "mad money." good to see you, sir. >> thanks for having me, jim.

one of the things that is funny about these activists is they tend to pick on the good ones because they know therefore they're going to win either way. you have done more to bring out value than anyone in your class, and the original split also brought out a lot of value, created double the value. do you need to do anything more than the steps that you have said that you'll do? >> well, jim, in fact you recall i've been on your show right after we split from marathon oil and then when we, in october of 2012, when we did the ipo for lx so we've done a lot to be able to grow value. >> every time the stock has gone higher. >> every time it has. >> you've made our viewers a lot of money. >> in fact, i take you back to since 2011, splitting from marathon, we're up 140% in total shareholder returns. >> extraordinary. everyone needs to know much better than anyone else in your segment. >> thank you. what this reflects is our board has a very deep knowledge of how to grow value, and we review a lot of opportunities with the

and all of these opportunities that we continue to review, you know, it's evident -- and i agree with elliott, and i visit with many shareholders all the time, that there's a tremendous value. and we got caught up in the downturn of the commodity price the second half of last year that hurt refiners. and then mplx had just purchased markwest, and we got caught up in the downturn of the drill a bit. so they're very involved in the in the gathering and processing and out at the production regions. capital, and we've seen the yield improve over the summer. i think we're in a good place right now. >> we were always, as you know, huge fans of yours and of markwest, so it's a great combination. how about this deal today? does this deal stick? we've all been so suspicious. >> well, in fact, back early this year, we talked about this, and i was on a panel at a conference. we talked about where oil prices would be, and i stated at that

for a number of reasons. i travel to the middle east often, and you just look at the economies, and you look at the requirements there. >> right. >> and you look at the requirements here domestically, what the producer, the driller -- you look at all the drillers today, and the service companies are up significantly because it's a good position that they're going to get back in and back to work. so does it stick? you know, it's down to probably a 1.2 million barrel reduction is wre it's where they needed to be. we believe by the end of the first half that the global supply of crude can be in balance. it might even be a little bit of a supply deficit as we go into the second half of the year. so i believe it has a chance to stick as long as, you know, the technical agreements that are going to be put together here over the next couple of weeks really come into where they stated they would be. >> your sister company, mro, is acting like it is. it's up 20% today. >> right, they are.

these are separate companies, but everybody benefits if they both go up. >> they do. i'm still a big shareholder in marathon oil. >> now, new president. >> yes. >> to say that he's pro-fossil fuel is an understatement. what does it mean for a refiner to have a president that very specifically is pro-oil and gas? >> i think first of all, the pipeline permits and the issues we've had across the country with the keystone pipeline and now the dakota access pipeline, which we are proed pipeline, and it's stymied right now to finish the construction. i'm very confident the president-elect is very intelligent. he's put himself -- surrounding himself with very intelligent people that understand the economics of the oil and gas industry. so i'm confident we're going to get the permits going. the second thing that really needs to be handled with the new administration is this renewable fuel standard. it just does not work. rins are now trading almost at a dollar.

subsidy that didn't work. >> it's really a hidden tax to the consumer. it doesn't work, and it's been very detrimental to all of the refiners. there's really nobody who is making any money off of rins, but the consumer is paying this high cost. >> when i look at speedway, i have to admit it does seem undervalued, but there's not much of you can do. you want to have both sides, right? >> well, jim, as i talked with you a while right after us acquiring the ss executing and bringing those in. we're way ahead of schedule on capturing the synergies. but speedway is very important to the integration of mpc, the integration back to the refinery, integration into the mlp. if you really think about we sell 6 billion gallons a year through speedway. for the most part, all that volume has gone through all of our pipelines, our terminals, our docks, our barges that are all in the mlp.

that we control that enterprise. but i agree with you we're not getting the full value in our share price. but i also believe we have some alternatives that we continue to work on that is going to continue to increase that price. >> all right. one last question just about the general ethos. we do have under obama, it's almost as if i feel like the protest against pipelines, let's just say that maybe the president actually favored them. maybe the protests are something that an anti-fossil fuel guy would certainly almost think is good or say is good. what can trump do about a local protest? i mean if in the end the president is pro-pipeline, how does that stop a dakota protest? >> well, the president was -- and i believe the obama administration was pro-pipeline. >> they knew the pipelines were safer than other forms. >> they certainly know that. you know, the keystone was one political view. the dakota access pipeline, this really came to a head right

>> right. >> so what has happened is they really punted this to the next administration. >> right. >> but i believe, you know, the army corps had approved the permit, had approved the easements. we are a company -- i had this question in a town hall meeting. we are a company. we certainly will not do anything that is environmentally unfriendly, nor will we do anything to violate secret burial grounds. nor will etp or philips, who are parties to this pipeline either. si i have very high confidence this is going to get resolved early in the new administration. >> excellent. let's leave it at that. that's gary heminger, the president, chairman, and ceo of marathon petroleum corp. by far, the most undervalued in the entire group and the one i recommend constantly. stick with cramer. ? harry's meeting clients from far away.? ? but they only see his wrinkles. ?

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>> it is time! it is time for the lightning round! that's where i take your calls rapid fire. you tell me the stock. i tell you to buy, buy, buy or sell, sell, sell. we'll play this sound -- [ buzzer ] -- and then the lightning round is over. are you ready, skee-daddy? it's time for the lightning round on cramer's "mad money." let's start with richard in california, richard. >> caller: mr. cramer, sir, this i grow my retirement funds off your very good information. >> thank you. >> caller: can't thank you. booyah to ya. >> booyah. >> caller: one big stock i've been watching for a while, waiting to pull the trigger or not. acia. >> we suggested we do this one, and it went all the way up. we said when they did that last quarter, we were not happy with it because they did have a contract that we thought would have been big that didn't happen.

long-term story, good. short term, not that good. david in pennsylvania, david. >> caller: hello, jim. thank you for taking my call. i bought into national flavors and fragrances at 126. >> they missed the quarter. they absolutely missed the quarter. this is a company that has a long history. i would be a buyer of this company after they report the next quarter. i want to see what it is because this quarter was a not good quarter. let's go to debbie in new jersey, debbie. >> caller: hey, mr. cramer. how are you? >> good. ulta salon. >> we're going to find out. they report tomorrow. let's wait to see what they do. i did like the last quarter, but the stock sold down hard. i like the company longer term, but i want to hear what they have to say. we're on the verge of hearing what the numbers are. patrick in maryland, patrick. >> caller: hey, jim. booyah. >> booyah. >> caller: shout out, finance teacher, mr. marks, and i'd like to know what you think about buffalo wild wings stock?

an activist in there trying to get things going. i like the business model, but i'm telling the truth. the restaurant game is a little bit harder than it used to be because of minimum wage. i think it's okay. not as great as it was. let's go to norman in texas, norman. >> caller: yeah, jim. should i be getting in gilead now? >> it's a very expensive stock. i still prefer celgene, even up here. let's go to fred in florida, fred. >> caller: greetings, prince cramer. thank you and your excellent staff for all your great intel. i own olin at 15.86 and 22 1/2. it's up 47% year-to-date. it closed today at 26. where do you see it in the next 12 months? >> they made a great deal when they did the chlorine biz. that was a killer deal with dow. i just want you to stay long. it's an inexpensive stock. michael in california, michael. >> caller: yes. hello. >> hey. >> caller: mr. cramer, how are you doing today?

sunny san diego, california. >> can't beat that. >> caller: i would like to know since the presidential election and they have a problem with medical and hospitals. >> right. >> caller: i would like to specifically know about express scripts. >> no. the one that we like in that group, the one my charitable trust owns that i feel really great about is walgreens, especially with that rite aid deal. >> caller: booyah, jim, from the buck eye nation. your opinion on xylem? >> this is a great company to own. this is about water infrastructure. we're bullish on water infrastructure. it's been a great theme. let's go to alfredo in florida, alfredo. >> caller: hi, jim. how are you? >> all right. how are you? >> caller: good. >> under armour. >> i didn't like what i heard in the conference call.

short term, there are better places to be, including pvh on a discount. let's go to austin in colorado, austin. >> caller: booyah, jim. >> booyah. >> camping world, buy sell or hold? >> the stock hit a 52 week hold. i happen to think the long term camping theory is a great one, and i heard that from thor. anything that involves that theory is a good theory for me. stefan in new york, stefan. >> caller: hey, jim. >> caller: young investor here, started watching the show at a very early age. so what are your thoughts on dexcom? >> you got to bring them back. people keep telling me they got more competition than i thought. the medical device group has gotten weak, stay tuned to that one because it had a great quarter but we've got to be sure before we commit even down here at 69. and that, ladies and gentlemen, is the conclusion of the lightning round. [ buzzer ] >> announcer: the lightning round is sponsored by td

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only a two-point gain, but still a positive coda to the month of november that saw almost 1,000 points tacked on. to me, though, the nine winners out of the 30 dow stocks in today's session speak volumes about president-elect trump and his two cabinet picks, steve mnuchin for treasury and wilbur ross for commerce that were announced this morning. i don't know about you, but i sat rapt in attention to "squawk box" when these two men talked about their vision for this presidency. as a stock junkie, all i could think was how the heck are we going to make some money off this targeted pro-growth agenda? i got to tell you, one thing i've learned in my 36 years in the business. never outthink the market. instead, just take your cue from the action. so let's take our cue from the nine dow stocks that went higher today. take them in the order of greatest gains. first, biggest, goldman sachs. it makes a ton of sense to me and not just because our next treasury secretary used to be a partner there. this company was being valued substantially lower before the election because the banking legislation enacted after the great recession and, more

creative financial products goldman could buy and invest in. plus if the senate went democrat and we had elizabeth warren be the head of the banking committee, goldman would be a good short. not anymore. sure, like mnuchin, i worked there. that's where i got my start. i'm forever grateful. i play with an open hand. what you need to realize is the stock of goldman sachs had fallen way behind the rest of the banking group, and it simply didn't deserve to be that way. it's too profitable. it has too much growth. however, if you thought you'd be getting more of the same or even dodd/frank from the next president, you could justify that discount. now, though, goldman definitely deserves the premium it used to get to the rest of the group and for all the things that mnuchin said this morning about staying the heavy hand of regulation. this stock's rally makes a ton of sense given that its book value, what it would be worth if you just liquidated the business, gave all the money back is 190 bucks. i wouldn't sell it, not even up seven, 219. next, dupont. we heard from dupont today that its deal with dow chemical is still on track.

of deal that guys like ross or mnuchin would be okay with. they don't want anti-trust. but when you listen to these two gentlemen, you get the sense they like mergers that create stronger american companies that can compete on what is sadly, indeed, an unlevel playing field internationally. i like dow chemical, which is at the other end of the equation. we own it for the charitable trust, which you can follow along at actionalertsplus.com. we say it's a buy. chevron and exxon are next. sure, opec pulled a rabbit out of the hat. but i think we still have to come to grips with how pro-oil and gas the trump administration oi these companies won't be targeted as enemies. they'll be encouraged in their efforts to find oil and drill for it. that may be awful for the environment, but it's great for job creation and the economy. fifth, there's caterpillar. i think this company is now in the sweet spot for a number of reasons relating to the trump agenda. most important is that cat is viewed as a necessity for both fossil fuel extraction and for infrastructure. it's been the trump industrial stock since the election. i think it can keep climbing. jpmorgan follows, and all i can

into the hands of jamie dimon's bank. that business, whether it be from fees or higher interest rates or plain old lending to support american growth, will drive the earnings per share higher than the analysts think. it's been a fabulous performer. still inexpensive. seven, united health. unh had a terrific analyst meeting. it's been transformed from an hmo to a nationwide health care company that stands to do better under trump than it did under obama. next, number eight, american express. this company is about travel, leisure, going out, not to mention small buss since the election. finally one outlier, pfizer. i got no real justification for its rise. it's only up 22 cents. here's the bottom line. if you watched "squawk" today, you could have picked seven out of these nine gainers in the dow as stocks that benefit from this new administration. keep the list handy. it might grow over time. these names are at the core of the new regime as represented by trump and now by steve mnuchin and wilbur ross.

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i like to say there's always a bull market somewhere. i promise to try to find it just for you right here on "mad money." i'm jim cramer, and i will see you tomorrow! my husband is saying, "there's a tornado coming, there's a tornado coming! get the kid, get the kid! i thought we were going to die. >> tornado hit damage is just being realized. >> the southern wildfires have also caused deadly devastation, seven lives lost, it's cleanup and recovery efforts are getting under way. overnight, a protester erupt by charlotte official, not to charge the police officer for the killing of keith scott. later today, president-elect donald trump head to indiana with details on the job-saving carrier deal and word that former alaska governor sarah palin may join his administration.